The Exane Derivatives Grows Stake in Tata Motors Ltd (TTM)

The Exane Derivatives Grows Stake in Tata Motors Ltd (TTM)

Exane Derivatives lifted its holdings in Tata Motors Ltd (NYSE:TTM) by 24.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,721 shares of the company’s stock after acquiring an additional 3,711 shares during the quarter. Exane Derivatives’ holdings in Tata Motors were worth $585,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. First Allied Advisory Services Inc. increased its stake in shares of Tata Motors by 0.3% in the second quarter. First Allied Advisory Services Inc. now owns 14,073 shares of the company’s stock worth $461,000 after acquiring an additional 47 shares during the period. Creative Planning increased its stake in shares of Tata Motors by 0.9% in the second quarter. Creative Planning now owns 12,898 shares of the company’s stock worth $426,000 after acquiring an additional 111 shares during the period. Financial Counselors Inc. increased its stake in shares of Tata Motors by 1.9% in the second quarter. Financial Counselors Inc. now owns 10,372 shares of the company’s stock worth $342,000 after acquiring an additional 193 shares during the period. Wrapmanager Inc. increased its stake in shares of Tata Motors by 2.4% in the second quarter. Wrapmanager Inc. now owns 9,440 shares of the company’s stock worth $312,000 after acquiring an additional 218 shares during the period. Finally, Telemus Capital LLC increased its stake in shares of Tata Motors by 2.9% in the second quarter. Telemus Capital LLC now owns 10,670 shares of the company’s stock worth $352,000 after acquiring an additional 305 shares during the period. Hedge funds and other institutional investors own 11.89% of the company’s stock.

Shares of Tata Motors Ltd (NYSE:TTM) traded down 0.61% during mid-day trading on Friday, reaching $32.75. 745,164 shares of the company were exchanged. Tata Motors Ltd has a 12 month low of $28.97 and a 12 month high of $41.50. The stock has a 50 day moving average price of $31.55 and a 200-day moving average price of $33.43. The stock has a market capitalization of $22.24 billion, a P/E ratio of 20.15 and a beta of 2.23.

Tata Motors (NYSE:TTM) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $9.30 billion during the quarter. Tata Motors had a net margin of 3.38% and a return on equity of 19.45%. Analysts predict that Tata Motors Ltd will post $1.84 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub lowered shares of Tata Motors from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Sanford C. Bernstein lowered shares of Tata Motors from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $45.00 to $30.00 in a research note on Friday, August 11th. Morgan Stanley lowered shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 10th. Finally, Stifel Nicolaus upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $32.50.

Tata Motors Profile

Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations.

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